correction or start of a bear market?

[dexter141]

I do not think we need to panic, there is no negative news or events that prompted a further decline in cryptocurrency. Don't sell. Hold .

[wxa7115]

Hi all, Last week my friend once said about the current and future situation of the crypto market. he said that if bitcoin can't stay above 60k, then altcoins will be hit by a big correction. At that time I doubted what was said because I saw the market situation was quite good. but seeing today started to believe it a little. further said that the end of this month until the end of the year, will be the most important point for the crypto market because at that time it will be a representation of the situation going forward. he said if by the end of the year some big coins pass their support point, then the market will not be fine going forward. but on the other hand if big coins like bitcoin, ethereum, bnb and others can stay at current prices, the start of the year will be a pretty good situation to trading.

judging from what he said, I conclude that right now the market is at a very important time. but even so I didn't fully believe what he said. I stick to my decision that currently hold is the best despite the red market today.

One of the things you will learn is that technical analysis can be spun in such a way that any data can mean one thing for one trader and the opposite for another, at the end of the day you need to begin to learn to trust your own instincts and your own analysis.

It is clear that the long term potential of bitcoin is slowly but surely entering the consciousness of the general population, and if to this we add the economic crisis that is forming then I do not see any way for the price of bitcoin to remain this low for a long time.

[ije07]

Every Q4 of every year is a crypto point and for now it will likely happen as your friend said that if the price level of Bitcoin and other big coins can hold at the current level then next year the price might be good but if this correction falls very deep I am pessimistic crypto will be like 2018, however, if you still really believe it is better to follow what you believe.

[UDONNA]

Over the past months, Bitcoin has strengthened and reached its all-time high of $68k. Therefore, it is not surprising that the moment of correction should come someday. It is impossible to guess if this correction will turn into a bear market, because now the crypto market is significantly different from what it was in 2018.

[Vaculin]

Over the past months, Bitcoin has strengthened and reached its all-time high of $68k. Therefore, it is not surprising that the moment of correction should come someday. It is impossible to guess if this correction will turn into a bear market, because now the crypto market is significantly different from what it was in 2018.

I think we are just having a price correction at the moment, not literally that this will go beyond its bearish season. The last quarter of the year has always been bullish and if any price correction happens, its an opportunity to make the coins reach new ATH after the price correction. So we shoud not panic in times like this because this is definitely part of the cycle. We may see most of the coins dumping even bitcoin itself, but after this, they eventually recover again and can even end up into having new ATH.

[jeungo]

By time, this should begin a bearish market that came too long. This time, bulls and so were able to raise almost all coins from the top 100 to the height of the albeit. I look at the current meanings and just do not believe my eyes, the question remains how much the market will fall on the moment of fixation of the profit.

[Mahanton]

I do not think we need to panic, there is no negative news or events that prompted a further decline in cryptocurrency. Don't sell. Hold .

You cant stop people on not to sell specially newbies or to those people who doesnt have enough experience on this market on which they would easily get fall into the problems when it comes to emotional aspect.Dealing with bear market or even just seeing the market is declining would really require patience and good control with
your mind which would really able to help you out on making good decisions basing on the current condition you are in and never ever tend to tolerate on what
you do have in mind and dont cut loss because market could eventually recover on.

[Ararbermas]

Well the percentage of the market nowadays isn't normal like before , i think month of july? If i remember it correctly, because that time is definitely a correction as it takes days only. But this time seems we need more results in my personal opinion because the situation is different and mostly crypto in the market is bleeding right now to be honest.. So if market didn't change after day or two probably its a bear market already.  Since we didn't see a good news despite of the situation as well which makes me think because last month when market suddenly turn into bearish there's a bunch of analyst saying it will not last like what always happen.. But now seems quite..

[cute nmp]

I don't think we are nearing the bear market this soon even though it can happen.This may just be a correction due to the overextended bullish market condition.BTC recently reach it's all time high and their is need for some corrections in price for the meantime before it rises again.I don't pray for a bear market anytime soon although we could be heading into one.

[blockman]

Every Q4 of every year is a crypto point and for now it will likely happen as your friend said that if the price level of Bitcoin and other big coins can hold at the current level then next year the price might be good but if this correction falls very deep I am pessimistic crypto will be like 2018, however, if you still really believe it is better to follow what you believe.

IMO, the next bear market won't be the same as the bloody 2018. That's so much and very bloody but this time, the market has changed a lot. But that doesn't mean that it won't be the same anymore. We still have to look at that matter if it will be the same as 2018.
Hopefully, it won't be the same anymore as by that time so that everyone who's saving their assets for the next bull run won't be disappointed if the crash comes.

[wheelz1200]

I think for the most part most financial instruments including crypto are going to a have a rough go in 2022.  The pandemics effects on Financial economies have not yet been hit.  It's coming and when it does take cover.  Is this the start..no one knows, only after looking back at history will you know.  Tread lightly but keep stacking sats in the end you'll be good.

[ningrum]

I think what happened in the market now is just a short correction and I still hoping that market will recover soon. No need to panic and sell at lose. Just keep holding and wait until market recover. We have different predictions but I always positive about the future of bitcoins and altcoins.

for old players it is normal, a correction is a correction, a dump is a dump and a pump is a pump,
everything has a correlation with the news, and today bad news and bad sentiment towards Bitcoin seems bad,
and makes the bitcoin price dump, this is fundamentally. If it's technically analyzed, it's a correction, so take it easy

[Yogee]

I don't think we are nearing the bear market this soon even though it can happen.This may just be a correction due to the overextended bullish market condition.BTC recently reach it's all time high and their is need for some corrections in price for the meantime before it rises again.I don't pray for a bear market anytime soon although we could be heading into one.

I think the run up to a six digit BTC had been delayed due to the long pandemic and the bull run could still extend into 2022 as a result. We are heading into a bear market for sure and our prayers as investor or trader couldn't prevent that but it could be shorter than the previous cycles.

[kryptocanon]

As long as there's no FUD spread.. I tend to believe it's all a correction. Let's all be on the lookout.

[WalkerIVIV]

I do not think we need to panic, there is no negative news or events that prompted a further decline in cryptocurrency. Don't sell. Hold .

There's a negative news and the chart was reflecting it. So many people are feeling disappointed caused by another rejection for BTC spot ETF by SEC. The new definition about crypto broker that mentioned in draft bill was also affecting the crypto market as well.  It seems like that you didn't even see that before. You should check some latest news about crypto and you will find it.
The chart is showing that there is a chance for us to see a mega rally this month then maybe the bearish market can be avoided because after all that bad news come to the bitcoin.  the morale of traders and not easily getting baited to panic sell and cause another bearish market but as far as I know the current chart seems to be resisting the bearish market and big chance we won’t see any bearish market but just a correction however anything could happen right?(Hope there will be no another bad news to come).
If instead the chart showing an obvious sign of the price bouncing back up again then it could be even better since many traders will definitely try to make an entrance and accumulate as much as possible in the lowest price and that could instead make the market at the bullrun again. Although we should understand that historical pattern doesn’t always guarantee the same outcome.

[Hovarda]

Here's my theory about it. If the novice investor around me has lost interest in the market and started HODL, it means that the bear season is coming. But for now there is no such situation

[pealr12]

All the untimely bad news from China and environs affecting btc, there is also the Mt gox news too, this could be a reaction to all this negative news and may not linger on too much, however, it is still very important to take precaution while the market is trying to determine the next movement.

[coinzzzpro]

There's a lot of new money in the industry, I don't think we're going to fall for a long time now, I think it's a correction, it's very unpleasant, but that's how the market lives. In a rising market it is more pleasant to buy, and in a falling market it is more profitable with a 50x50 probability.

[Finestream]

There's a lot of new money in the industry, I don't think we're going to fall for a long time now, I think it's a correction, it's very unpleasant, but that's how the market lives. In a rising market it is more pleasant to buy, and in a falling market it is more profitable with a 50x50 probability.

There is always a a chance for a price correction to takes place when all the coins are in bullish, and its always expected every now and then. But this should not bring panic to everyone as this is not the start yet of a bearish season. But we can still witness prices to fall down particularly with bitcoin. And every time bitcoin falls, the whole crypto market is really affected seeing almost all of the coins will start to decline too.

However, price correction should not be a big threat for everyone particularly for long term holders as this will not be for good. Once another positive news will hit the market again, eventually we will see cryptos back to normal again.

[gurunanakji777]

Btc makes its new All Time High recently so currently correction of market is going on. We shouldn't be panic what others say. Stay optimistic sooner market will recover. Its good market is doing correction so we can expect some good move in the coming weeks even it's a good time to add more coins rather than afraid.